State any three points of importance of Management.

Importance of Management:

  1. It helps in achieving group goals by giving a common direction to individual efforts.
  2. It increases efficiency by reducing costs and increasing productivity.
  3. It creates a dynamic organisation by making the organisation adapt itself to the changing environment.
  4. It helps in achieving personal objectives by motivating and leading in such a way that both personal goals and organisational objectives are accomplished.
  5. Management helps in the development of society by providing good quality products and services, creating employment and adopting new technology, etc.

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